Zimbabwe's Tourist Arrivals Shoot Up

Munyeza said room nights had shot up by seven percent and 32 percent, respectively, as far as local and foreign figures were concerned.

He said this was in comparison to the same period last year.

Zimbabwe’s tourism arrivals have nose-dived in the past mainly due to the country’s poor macro-economic fundamentals worsened by the forthcoming elections which are allegedly scaring away not only tourists but potential investors too.

Several countries had issued travel warnings against Zimbabwe, currently struggling to return to the days of glory in the 1980s after Independence on April 18 courtesy of the Government of National Unity (GNU).

“Airline seats have increased due to the introduction of additional flights by regional carriers and this has ameliorated the impact of the disruption in service by the national carrier, Air Zimbabwe Holdings (Private) Limited (Air Zim),” Munyeza said.

He said the South African market hotels had witnessed an improvement in occupancy and ADR post half-year, although at a much slower pace owing to a general over-supply of hotel rooms.

“An additional 4 100 rooms were added to the Sandton and Rosebank area of South Africa in the last two years,” he said.

“The increase in oil prices and the continued strengthening of the South African Rand, which has made South Africa more expensive as a destination, will continue to exert pressure on the pricing of regional packaged deals that ordinarily include South Africa as part of their itinerary.”

Munyeza said the world travel industry had proven its resilience with an unexpected rebound in 2010, following a lack-lustre performance in 2009 that was heavily affected by the global economic recession.

“Global travel grew by five percent in 2010, powered by emerging markets, with Africa recording eight percent growth,” he said.

African Sun Limited is listed on the Zimbabwe Stock Exchange (ZSE) and has a market capitalisation of $831 472 907.
Its share price currently stands at 2c.

Revenue for the hotel group for the period ended March 31, 2011 amounted to $27,74 million up from $26,06 million achieved in the previous period.

Munyeza said this was spurred by a strong revenue growth recorded in Zimbabwe.